Gate Research Institute: On January 9, BTC price continued the previous round of gains and quickly rallied, forming a phase high near 94,800 USDT; ETH price continued the previous uptrend and surged further, forming a phase high near 3,308 USDT, after which bullish momentum weakened significantly, price retreated from highs, and gradually evolved into a relatively smooth downtrend; ISLM became the focus with gains exceeding +460%. JPMorgan Chase advances blockchain layout, plans to build an "interoperable digital currency" system; Hilbert Group acquires Enigma Nordic for 25 million USD, strengthening institutional-grade crypto trading layout; Tether executive-affiliated company's acquisition of Northern Data's Bitcoin mining business draws attention.